TMI Blog2016 (2) TMI 369X X X X Extracts X X X X X X X X Extracts X X X X ..... respect of which these banks sought such verification - Held that:- verification of correctness, fairness and authenticity of information furnished by those seeking loan from Bank would not be classifiable under BAS - Demand set aside - Decided in favor of assessee. - Service Tax Appeal No. 478 of 2011 - - - Dated:- 20-11-2015 - R. K. Singh, Member (T) And Sulekha Beevi CS, Member (J) For ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e from various banks and in respect of which these banks sought such verification. Thus, the only service rendered was to verify the particulars of the various applicants who sought any service from the banks and such service was covered under Business Support Service (BSS) which came into effect from 01.06.2006 and it has been paying service tax thereunder since then and the Revenue has been acce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and hence would not be covered under BAS as defined under Section 65(19) of the Finance Act, 1994. Any elaborate discussion on this issue is obviated by the fact that the issue involved has been settled by CESTAT in the case of Rakesh Porwal Associates (supra) wherein it was held as under: 3. After hearing the ld. DR, we find that there is no dispute about the type of service being provid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d order and allow the appeal with consequential relief to the appellant . Indeed similar view was held by CESTAT in the case of S. R. Kalyanakrishan (supra) where it was observed that verification of correctness, fairness and authenticity of information furnished by those seeking loan from Bank would not be classifiable under BAS. In the light of the foregoing, we hold that the impugned order ..... X X X X Extracts X X X X X X X X Extracts X X X X
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